Short Interest in Toro Corp. (NASDAQ:TORO) Increases By 197.8%

Toro Corp. (NASDAQ:TORO) was the target of a significant increase in short interest in February. As of February 28th, there was short interest totalling 40,800 shares, an increase of 197.8% from the February 13th total of 13,700 shares. Approximately 0.5% of the shares of the stock are sold short. Based on an average daily volume of 42,800 shares, the short-interest ratio is currently 1.0 days.

Toro Price Performance

Shares of TORO opened at $2.39 on Thursday. Toro has a one year low of $2.25 and a one year high of $6.06. The company has a market cap of $45.36 million, a P/E ratio of 2.25 and a beta of 1.30. The firm has a 50 day simple moving average of $2.85 and a two-hundred day simple moving average of $3.00.

About Toro

Toro Corp., a shipping company, acquires, owns, charters, and operates oceangoing tanker vessels and provides seaborne transportation services for crude oil LPG, and refined petroleum products worldwide. The company operates in three segments: Aframax/LR2 Tanker, Handysize Tanker, and LPG Carrier. As of December 31, 2023, it operated a fleet of one Handysize tanker vessel; one Aframax/LR2 vessel; and four LPG carrier vessels with an aggregate cargo carrying capacity of 0.1 million deadweight ton.